(855) Marcum1 | FOLLOW US  
Marcum LLP
Marcum LLP
Insights

Financial Institutions Alert

 

In This Edition

Community Banks Closing the Political Divide?

Share:

The Treasury Department released a report recently on banking regulations which appears to have struck a chord with Democrats and Republicans alike.

Every politician has a community bank in their constituency and the community banks were never the problem that triggered the 2008 financial crisis. The one size fits all banking regulations as a response to the financial crisis in 2008 have become even more burdensome and are no longer performing their designed function. The bipartisan support for a tiered regulatory system, coupled with the large volume of bipartisan bills advancing in Washington continue to point in the direction of alleviating the regulatory burden from community institutions. Only time will tell, but for your community institution, the signs are all positive.

For more information, please read "Political foes agree: Small banks pounded by Dodd-Frank" written by Scott Keitkamp, Opinion Contributor to the Hill and the President and CEO of Value Bank Texas.

For additional information or assistance please contact James Dowling, MBA, and Assurance Manager in the Financial Institutions Industry Group.

SOURCE
TheHill.com

DISCLAIMER
This commentary represents the unique views of James Dowling, and is not representative of Marcum LLP, its partners or its employees.

 
 
 
HAVE A QUESTION? ASK MARCUM
 
STAY IN TOUCH.

SIGN UP TODAY FOR MARCUM'S NEWSLETTERS.

ABOUT MARCUM LLP

Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.

Learn More

CONNECT WITH US
OFFICES

Headquarters
750 3rd Avenue, 11th Floor
New York, NY 10017

Find an Office

(855) MARCUM1
info@marcumllp.com

FOUNDATION

Marcum Foundation

AFFILIATIONS

Leading Edge Alliance

DOWNLOAD THE MARCUM ON THE GO APP

 
 
© 2017 Marcum LLP. All Rights Reserved.
Privacy | Legal | Sitemap